Royal Bank of Scotland Plc individual states have passed down on November 1, the thresholds of 5% of share capital and voting rights of Technicolor as a result of a sale of shares in the market.

To date, the subsidiary of RBS owned 8,294,677 shares of the French specialist in the digital image representing 82,946,770 voting rights, or 4.7% of share capital and voting rights.

It is specified in the notice available on the financial website of the AMF as the parent company Royal Bank of Scotland Group has crossed a threshold with no interest representing 5.9% of share capital and voting rights.

Royal Bank of Scotland Group also holds 6,790,601 1,079,706 bonds redeemable in shares expiring December 31, 2011 (NRS II) and 33,854,323 bonds redeemable in shares Technicolor 5,382,837 maturing December 31, 2011 (ORA IIC).

The single European currency remained stable against the dollar as against most other currencies Friday afternoon. At this time, the euro stood at 1.3442 dollars, up 0.10% symbolic. The wait is expected to continue until the publication of figures US employment for September.

Against the Swiss franc, the movement is much more pronounced (- 0.01% to 1.2367), nor against the yen (+ 0.14% to 103.04), although a decline is in Over against the sterling (- 0.58% to 0.8650).

Traders digest the ads the day before. The ECB and the Bank of England left their interest rates unchanged. But in London, analysts have revised up the policy of quantitative easing from 200 to 250 billion pounds. A North European trader calls this decision? QE2 for the Bank of England?. The book, which had lost nearly 0.8% yesterday against the euro after the announcement, seems to be back now.

Changes in the team of Pictet & Cie, the recovery of the euro in recent days does not impress:? Orders to industry in Germany for the month of August were down 1.4% d a month to month, against 0.3% expected. This decrease demonstrates the difficulty of the European economic situation. The speech of Jean-Claude Trichet is not reassuring and shadows, uncertainties and danger have greatly increased.

However, the market appears reassured when the Europeans finally seem to have considered the balance sheet problems of many of their banks, notably under the aegis of the Commission.

The measures should enable the financial sector to avoid a crash and important to back pressure that exists on this very sensitive time. Banks find themselves under strong pressure and the ECB and central banks around the world will take steps to avoid any slippage, Says Pictet.

Indeed, the ECB will conduct buybacks and bond measures to improve liquidity in the long term. ‘One of the reasons for the weakness of the euro is the low confidence in its banking sector’, which explains a resumption of the currency will resume when the outlook is improving.

In terms of economic statistics of the morning, the French budget deficit was significantly reduced at the end of August, an increase in revenue is coming in addition to the tendency to reduce state spending. In addition, the trade deficit of France fell in August to just under five billion euros, against nearly 6.4 billion in July, an improvement due entirely to the transport sector.

On the other hand, German industrial production has relapsed by 1% month on month in August, after rising 3.9% the previous month (revised to July compared to 4% in the initial estimate). But she had expected a decline of 2%.

At 14:30, operators will learn the unemployment rate in the United States, expected stable at 9.1%, and the number of jobs created for the month of September, to 55,000 expected after they were invalid month above.

Boosted by a series of encouraging news for the eurozone, the euro is recovering strongly against the greenback, treating nearly $ 1.36 against dollar 1.338 Friday evening. Compared to the Japanese currency, the euro climbed to 104.3 yen and 76.7 yen the dollar ratings. On the old continent, the euro advance against the pound sterling at 0.869 pound per euro and declined against the Swiss franc, franc 1.237.

“Nicolas Sarkozy and Angela Merkel reached an agreement on the refinancing of European banks, and this adds a confidence factor, said an analyst at IG Markets. The French president said that particular European issues should be resolved by the G20 summit to be held in Cannes in early November.

The euro also benefits from a lift on the back of uncertainty Dexi, which launched the dismantling was given during the weekend. The property will benefit from support from the Belgian, French and Luxembourg, which have pledged to guarantee the financing of the group for 90 billion euros over a period of 10 years.

The few economic data of the morning proved also likely to support the single currency in August, the production of French industry has emerged, up 0.5%, while it was expected a decline of nearly 1% and the German trade surplus rose to 11.8 billion euros, against a consensus of less than ten billion.